Shareholders Say Presuit Demand On Company's Subsidiary Is Not Necessary

Shareholders Say Presuit Demand On Company's Subsidiary Is Not Necessary

CHICAGO - Shareholders told an Illinois federal court on May 6 that presuit demand upon the board of a wholly owned subsidiary of a financial company is not required before filing suit against the subsidiary's parent corporation (James F. Groen, et al. v. David W. Nelms, et al., No. 12-cv-06436, N.D. Ill.).

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